Caroline Ellison – the 28-year-old girlfriend of Sam Bankman-Fried and the former CEO of Alameda Research, a company founded by SBF – has admitted in recent testimony that she knew what was happening with FTX was wrong. Caroline Ellison on FTX: It Was Wrong The big bang for FTX comes in the shape of Alameda, which borrowed money from the crypto exchange in the form of user funds to pay off separate debts. Both companies were required to remain individual entities. In conjoining them both together through the borrowing of assorted funds, it’s likely that Sam Bankman-Fried engaged in illegal
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Author: NixCoin